IRS urges tax filers to check out earned income credit has a $1 100 gift for some O.C. taxpayers estimate 17 percent of taxes owed went unpaid 5 Tax Planning Tips Small Business Owners Man Calling on Capitol Hill Apply For A Passport Will Know Study Says Percent Taxes Went Unpaid Sneaky Phone Marketers Outfox 'Caller ID' Budget Cuts Hamper I.R.S. From Performing Its Duties Report Mitt Romney's Entitlement Problem Gingrich Used Payroll Ploy Often Attacked By Casey Anthony's Lawyer Quits clarified rules families and LLCs audits mostly rich surge Renews Disclosure Program Offshore Assets Why is investment taxed less than wages Romney releases records Homeowners must sell by December avoid short sales too easy criminals critic claims

Apply For A Passport? IRS Will Know If you apply for a passport, the IRS will know. It?s not clear how the IRS uses this data, although my guess is for data verification plus perhaps information gathering for later collection efforts. The IRS has released proposed regulations to ramp up the information the IRS receives to better enforce the tax laws. These ... IRS Revised Rules for Streamlined Installment Agreements The IRS recently relaxed its rules for payment of smaller tax liabilities. The revised procedures now allow taxpayers up to 72 months to pay their tax obligations. The new procedures also increase the maximum amount subject to the relaxed streamlined agreements from $25,000 to $50,000. You may request a monthly installment plan by submitting Form 9465-FS to if your liability is greater than $25 ... IRS Audit Red Flags: The Dirty Dozen Although there's no sure way to avoid being audited, your chances increase depending upon various factors. IRS Lowers Bar for Innocent Spouse Relief The filing of a joint income tax return has the legal effect of an irrevocable election by each spouse to be jointly and severally liable for tax reported, or properly reportable, on the return. In other words, each spouse can be held liable for the full amount of the tax, though the IRS can collect the tax only once. IRS Free File available now IRS Free File, which has been making taxes a little less taxing for a decade is available now. More than 33 million returns have been filed through Free File since its debut. IRS Lowers the Bar for Innocent Spouse Relief The filing of a joint income tax return has the legal effect of an irrevocable election by each spouse to be jointly and severally liable for tax reported, or properly reportable, on the return. In other words, each spouse can be held liable for the full amount of the tax, though the IRS can collect ... IRS Eases Up on Abuse Victims It is a real tragedy that someone can escape an abusive marriage, only to find themselves being pursued by the IRS for the abuser's tax debts.  How does it happen ? Filing a joint return will usually result in a married couple having a lower federal tax than the total of two married filing separate returns (The total of the two returns as single might be even lower, but that is not an option if ... Tax Tip: IRS reminds parents of 10 tax benefits Your kids can be helpful at tax time. They won't sort your tax receipts or refill your coffee, but those charming children may help you qualify for some valuable tax benefits. The Case For Investing in the IRS Most American taxpayers would not consider the IRS to be underfunded, let alone the IRS?s need for more resources to be the most serious problem they face. Given the growing ?tax gap? (i.e., the amount of all unpaid tax liabilities), however, a persuasive case can be made that the government should invest more in the IRS?s budget. IRS Should End Commodity Mutual-Fund Runaround, Levin Says U.S. tax authorities should stop a private rulemaking process that has encouraged speculation in oil and agricultural markets by letting mutual funds exceed limits on commodity investments, Senator Carl Levin said.
Key Words: irs

References:
http://www.jsonline.com/news/milwaukee/irs-urges-tax-filers-to-check-out-earned-income-credit-do3vhpc-138297199.html
http://economy.ocregister.com/2011/11/30/irs-has-a-1100-gift-for-some-o-c-taxpayers/100074/
http://www.startribune.com/business/136830373.html
http://www.forbes.com/sites/thesba/2012/01/10/5-tax-planning-tips-for-small-business-owners/
http://www.foxnews.com/politics/2012/01/24/hundreds-capitol-hill-staffers-didnt-pay-taxes-in-2010/
http://www.forbes.com/sites/robertwood/2012/01/30/apply-for-a-passport-irs-will-know/?feed=rss_home
http://www.foxnews.com/politics/2012/01/06/irs-study-17-percent-taxes-went-unpaid/
http://www.voanews.com/english/news/usa/people/Sneaky-Phone-Marketers-Outfox-Caller-ID-136604208.html
http://www.nytimes.com/2012/01/10/business/irs-renews-disclosure-program-for-offshore-assets.html
http://feeds.sfgate.com/click.phdo?i=c1b6776fac1e35daa9208b011210d6b3
http://www.washingtontimes.com/news/2012/jan/24/romneys-releases-tax-records/?utm_source=RSS_Feed&utm_medium=RSS
http://www.tampabay.com/news/business/realestate/homeowners-must-sell-by-december-to-avoid-taxes-on-short-sales/1211893
http://www.pittsburghlive.com/x/pittsburghtrib/news/s_777847.html
http://pixelhat.net/